Robert Jenrick is set to unveil a major tax-cutting pledge at Reform UK’s conference today, as the party seeks to shift the focus back to its economic agenda. The party’s treasury spokesman is expected to tell the final day of the Reform conference in Birmingham that he would increase the tax-free personal allowance to £15,000 within the first 100 days of taking office. The threshold has been set at £12,570 since 2021 and is due to remain there until 2031.
Reform said the plan would save the average taxpayer £500 a year and take 2.9 million people out of income tax altogether, at a cost of £17.7 billion in its first year, rising to £21 billion five years later. The party has previously said it wants to increase the personal allowance to £20,000, with Mr Jenrick expected to say he will approach the figure “step-by-step” when it is affordable. Mr Jenrick will also use his speech to set out some £80 billion in spending cuts, primarily through slashing the welfare budget.
He is expected to say: “The hard choice for Burnham and for us is exactly the same. It’s either welfare waste, foreign aid and migrants — or the British worker.
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